Financial News

Asian stock markets fell amid growing fears of a global recession

Most Asian stock markets fell Tuesday amid growing fears of a global recession this year, while mixed growth data from China added to uncertainty about the timing of a recovery this year. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes

Oil prices have not changed in anticipation of the OPEC report and fears of recession

Oil prices were little changed Tuesday as markets waited for a series of economic readings this week to assess the potential for a recession. The market also focused on demand forecasts from several key industry associations, starting with OPEC. Given that

The rise of Asian stock markets under the influence of China’s stimulus and the fall of Japanese stocks

In Asia stock market rose Monday, led by Chinese indexes, after the government announced further stimulus measures, while stocks in Japan fell on fear of a more restrictive monetary policy. China’s blue-chip Shanghai Shenzhen CSI 300 index was the best

Oil prices drop as markets await demand forecasts

After a sharp rally last week, Oil prices fell Monday as traders turned cautious ahead of this week’s OPEC and the IEA forecasts and numerous economic reports. As a result of country reopening its borders and essentially abandoning its strict zero-COVID

U.S. stock futures rose

U.S. stock futures traded higher Sunday evening after the major benchmark averages ended the week at one-month highs, as investors shifted into riskier assets after last week’s slightly softer CPI data. Markets will remain closed Monday for a vacation.

Australian borrowers face series of interest rate hikes as inflation rises again

The monthly consumer price index (CPI) rose 7.3 percent through November, back to the same level as in September ( 6.9 percent in October). The inflation rate is the most important factor the Reserve Bank of Australia considers in deciding how fast and how

USD/CAD stays slightly above 1.3400 as oil price falls amid recession worries

USD/CAD rallies and reaches a new daily high at 1.3440 as it continues the previous day’s recovery from a 1.5-month low early Wednesday. In the process, the Loonie pair fails to portray the weakness in the U.S. dollar as the price of Canada’s top

A rather bare calendar day ahead

The major currencies show little appetite during the day, with the dollar trending marginally weaker so far this week. Yesterday, some caution prevailed as markets awaited Fed Chairman Powell’s remarks, but he ultimately had nothing noteworthy to say.

Former BOJ policymaker: excessive dollar strength likely to be corrected

From Former BOJ policymaker’s comments, it appears that what the BOJ has done is consistent with its policy framework. She says that even with a review of the central bank’s policies over the past decade, it is hard to imagine that it will

Sentiment in US small businesses sinks to half-year low

U.S. small business confidence fell to a six-month low in December. That’s according to a survey released Tuesday, which also shows that inflation and labor shortages remain important issues for business owners. The National Federation of Independent